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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Hotels
507 Vernon St West Burlington, IA 52655-1182
Entity Owned
12-yr Hold
Property ID
US25-0439253
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1978
Construction
FRAME
Total area
36,837 SF
Lot
2.16 ac (94,090 SF)
Zoning code
R4
APN
10-35-276-006
UPID
US25-0439253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Westland Apartments Apartment Building
-
La Tante Hair Salon Nail Salon
-
Yogi Bear Honey-Fried Chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Bigfoot Co-op B INC · 12 yrs held
Bigfoot Co-op B INC
since 2014
2 recorded transactions
Zoning & alternative use
R4 · West Burlington, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Burlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,735,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$3,015,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,935,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,865,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,445,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,485,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$28,660
Tax year 2021
Assessed value
$1,819,200
Assessed 2023
Previous assessed
$1,819,200
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$108,000
Assessed improvement
$1,711,200
Land market value
$108,000
Improvement market value
$1,711,200
Total market value
$1,819,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Units
47
Rooms
1
Total area
36,837 SF
Lot
2.16 ac (94,090 SF)
Zoning code
R4
APN
10-35-276-006
UPID
US25-0439253
Jurisdiction
DES MOINES
Zoning & alternative use
R4 · West Burlington, IA
Zoning R4 · permitted uses
R4 · West Burlington, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Units
47
Rooms
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Bigfoot Co-op B INC
Entity
Mailing address
1330 LOCUST ST, DUBUQUE, IA 52001-4711
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2014
$1,650,000
Bigfoot Co-op B INC
Westland Apartments Coop
Warranty Deed
$3,556,778 · Dubuque Bk&tr
—
—
Westland Apartments LLC
—
Deed Of Trust
related
$4,175,000 · Cedar Rapids Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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